City living is now catering to families of all ages through an evolving education landscape. Whilst our CBD has always been a hub for world-class tertiary learning, the growth in inner-city families is necessitating changes to make education easier for local parents.
As the popularity of apartment living rises, the population of school-aged children is expected to grow by over 50 per cent over the next decade. According to the City of Melbourne, the number of children under four years of age in the CBD will jump from 867 to 2195 by 2026. The number of children aged five to 14 will also leap from 532 to 3048.
To help cater for the growing population of families, the Victorian government announced last year the building of four new inner-city schools to take place over the next five years, including a new primary school in Docklands, a new primary and secondary school at Fishermans Bend and a new primary school in North Melbourne. The popular Albert Park College will also be expanded with an additional site.
Local families have also been buoyed by University High’s new enrolment zone to now include all students from the CBD, Docklands and part of Southbank. One of the state’s top performing schools, demand for the University High catchment was reported to be the second most-sought after secondary school in the nation in the Domain Annual School Zones report released last week. Local property owners will also be encouraged by this news, as a location in a desirable school zone can help increase property prices by 10-15%.
The prestigious private Haileybury College has also just opened its doors as Melbourne city’s first vertical CBD school. The 10-storey building on the corner of King and Jeffcott Street caters for students from kindergarten through to year 9 and includes an indoor running track, a rooftop terrace for ball games and a cafeteria open to the public. With room for 774 students, 230 children are already enrolled for the 2017 school year.
To find out about education options for your family or for more information on how local schools can help improve the value of your property, contact your local apartment experts on 9091 1400.